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Home >> Gov't Regulation
  Great Wall covets Fiat Chrysler's Jeep brand
Aiming to become 'world's largest SUV maker'
Larry P. Vellequette, Sharon Silke Carty, Yang Jian | 2017/8/22

Great Wall Motor Co. is interested in buying the Jeep brand and has reached out to Fiat Chrysler Automobiles to see whether a deal can be negotiated.  Great Wall President Wang Fengying told Automotive News that Great Wall intends to buy Jeep and is "connecting with FCA" to begin negotiations. FCA said in a statement that it had not been approached by Great Wall in connection with the Jeep brand or any other matter relating to its business.
>> Read Full Story

  Fiat Chrysler attracts Chinese suitors, sources say
Larry P. Vellequette | 2017/8/15

DETROIT -- Representatives of a well-known Chinese automaker made at least one offer this month to buy Fiat Chrysler Automobiles at a small premium over its market value, Automotive News has learned. The offer was rejected for not being enough, a source said.
>> Read Full Story

  New CEO of LeEco's listed arm vows to dismantle founder's vision
Bloomberg | 2017/8/1

The new chief of troubled LeEco's listed arm promised to scrap any businesses that don't align with a renewed focus on TVs and media, unraveling the costly overseas and local ventures championed by founder Jia Yueting that have exacerbated a cash squeeze. Jia is now devoting his time to Faraday Future, the U.S.-based startup he personally backs that's trying to raise funds to bring the FF 91 electric car to market.
>> Read Full Story

  Ford, protecting Lincoln badge, to fight Geely over Lynk & CO trademark
Michael Martinez | 2017/8/1

Ford is challenging Geely Holding Group's U.S. trademark application for its new Lynk & CO brand, alleging the name sounds too similar to its Lincoln Motor Co. luxury brand.
>> Read Full Story

  COMMENT
As EV quotas loom, automakers poised to buy carbon credits
Yang Jian | 2017/7/21

SHANGHAI -- Beijing is determined to impose quotas on electric vehicle output for automakers via a carbon credit trading program next year -- whether or not the industry is ready for it.  What will automakers do if they cannot ramp up production of EVs as quickly as required? Well, they can buy carbon credits from Chinese EV makers.   And that seems to be the strategy that many automakers -- both foreign and Chinese -- are likely to adopt.  Pictured: Yang Jian is managing editor of  Automotive  News China.
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China, U.S. fail to agree on key trade issues
Reuters | 2017/7/20

WASHINGTON -- The U.S. and China failed to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over U.S. President Donald Trump's economic and security relations with Beijing. U.S. demands at the annual economic session in Washington included reducing excess Chinese steel capacity, reductions in China¡¯s auto tariffs, cutting subsidies for state-owned enterprises, ending Chinese requirements for data localization and lifting ownership caps for foreign firms in China.

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  Beijing allows foreign automakers to form new EV ventures
Automotive News China | 2017/7/4

Beijing will allow foreign automakers to establish new joint ventures with local companies to produce electric vehicles to spur higher production of low and zero emissions vehicles. The partnerships will be restricted to building battery-powered EVs, according to revised directives on foreign-invested industries released last week by the Ministry of Commerce.
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  China plans to dominate global production of EV batteries
Bloomberg | 2017/6/30

As Tesla founder Elon Musk races to finish building the world¡¯s biggest EV battery factory in the Nevada desert, China is poised to leave him in the dust.  Chinese companies plan to build a wave of battery factories that would produce nearly 160 gigawatt-hours annually by 2021, according to a report published this week by Bloomberg Intelligence.
>> Read Full Story

  China upholds electrified vehicle quotas despite industry protests
Reuters | 2017/6/20

BEIJING -- China upheld strict sales quotas for electrified vehicles in its latest draft regulation, ignoring concessions agreed to this month by Chinese Premier Li Keqiang and German Chancellor Angela Merkel.  The draft, posted on the website of the Legislative Affairs Office for China's cabinet, maintains that automakers must sell enough EVs or plug-in hybrid vehicles to generate "credits" equivalent to 8 percent of annual sales by 2018, 10 percent by 2019 and 12 percent by 2020.
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  China to limit new assembly plants to ease capacity glut
Reuters | 2017/6/16

BEIJING  -- China¡¯s top state planner said it would tighten regulations for building assembly plants for traditional gasoline-burning vehicles, as the country cracks down on "zombie" automakers.  The policy, issued by the National Development and Reform Commission on its website, extends to the automotive sector Beijing's fight against overcapacity and "zombie" companies that is underway in the coal and steel sectors.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Time for Beijing to postpone EV quotas

Dongfeng and Geely: Fiat Chrysler is not a target

Geely's first-half profit soars on robust demand for new models

Dongfeng-PSA slump drags on

Future Mobility raises 1.33 billion yuan from Suning, others

Exports continue advance on emerging-market demand

SAIC-VW to build engines for plug-in hybrid crossovers

Great Wall to attend Frankfurt auto show

Fiat Chrysler attracts Chinese suitors, sources say

Vehicle sales rise 4.3% on crossover demand

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